Shutterstock/Hurst Photo The three main online gambling states – NJ, PA and MI – now routinely see monthly online gambling revenue in excess of $100 million. It doesn’t take a math degree to work out that this means $1 billion is an easy annual target for each state to hit.
The question then is who’s first across that line. This year, New Jersey and Pennsylvania both did so in October, which was otherwise an uneventful month. Though we don’t have day-to-day revenue breakdowns, it’s safe to say New Jersey passed the milestone earlier in the month. Counting online poker as well as casino, it was a mere $11 million shy on Sep. 30, so probably hit the ten-digit milestone on Oct. 3 or maybe 4. Pennsylvania only cleared the bar by $50 million, so probably did so in the final week of the month.
And what about Michigan? It’s at an unfair disadvantage this year, having only launched its online casino market on Jan. 22. It sits at just shy of $775 million as of Oct. 31. It would need an exceptional run in November to hit $1 billion by the end of the month, but should get there within the first half of December.
All of these states are looking to finish the year on a strong note. Online gambling revenue surged in September . All three states held on to those gains in October, though they didn’t add much to it. As for the smaller iGaming states, Delaware bounced back after weak numbers in September, with daily average revenue up 13% in October, and West Virginia did better still, up 32%.
As always, data for this article comes directly from each state’s respective regulatory body. NJ, PA and MI: Like three peas in a pod
Looking at how the race to $1 billion has played out for the big three states, what stands out is both their individual consistency, and the similarity between the three. 2020 was a chaotic year due to COVID , plus Pennsylvania was still getting up to speed and Michigan hadn’t launched yet.
In 2021 however, things […]
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